Ch. 7 Beta
Michael McKenney ( mmckenne@ins.state.pa.us )
Fri, 19 Jun 1998 09:19:46 -0400
We figured it out....there was no contradiction. Our problem was that the
text did not give a formal definition of a security's covariance with the
portfolio, and we incorrectly figured this covariance when looking at the
study guide example.